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KIER GROUP PLC Director's Dealing 2022
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 9719E
Kier Group PLC
01 November 2022
1 NOVEMBER 2022
KIER GROUP PLC
Notifications of transactions by persons discharging managerial responsibilities
Kier Group plc (the "Company") announces that on 28 October 2022, the persons discharging managerial responsibilities ("PDMRs") referred to below were allocated the ordinary shares in the capital of the Company ("Shares"), as a result of the vesting of awards made to them in October 2019 under the Kier Group plc 2010 Long-Term Incentive Plan (the "LTIP Vesting") and on 31 October 2022, beneficial interests in the Shares were awarded to PDMRs in connection with the Company's bonus arrangements for the financial year ended 30 June 2022 ("the Deferred Bonus").
The numbers of Shares referred to below represent the vested Shares allocated to each PDMR following deductions for income tax and national insurance contributions due on release of the Shares.
| PDMR | Number of Shares allocated under LTIP vesting on 28 October 2022 |
Number of Shares awarded under the Deferred Bonus on 31 October 2022 |
| Mr A O B Davies1 | 466,254 | 309,808 |
| Mr S J Kesterton1 | 325,692 | 138,761 |
| Ms A Amar | n/a | 30,402 |
| Mr A W Bradshaw | 37,604 | 19,277 |
| Mr L J Cummins | n/a | 58,734 |
| Mr G Incutti | 45,151 | 34,718 |
| Mr M R Pengelly | 88,157 | 41,257 |
| Ms H L Redfern | 63,472 | 43,180 |
| Mr L P Thomas | 78,695 | 37,913 |
| Ms S Timms | n/a | 11,979 |
| Mr S J Togwell | 92,565 | 50,891 |
1 Following the acquisition of these Shares, Mr Davies and Mr Kesterton will own 1,044,429 and 722,179 Shares, representing 0.23% and 0.16% of the Company's issued share capital, respectively.
For tax purposes, the market value of a Share for LTIP vesting was £0.622, being the closing price of a Share on 27 October 2022; and the market value of a Share for Deferred Bonus was £0.617, being the closing price of a Share on 28 October 2022. No consideration was paid for the acquisition of these Shares.
The Shares acquired by Mr Davies and Mr Kesterton under the LTIP vesting are subject to a two-year post-vesting holding period. The LTIP Vesting was subject to the satisfaction of certain performance criteria over a three-year performance period which ran from 1 July 2019 to 30 June 2022.
Legal title to the Deferred Bonus Shares will be held on trust by the Kier Group 1999 Employee Benefit Trust (the "Trustee"). The Trustee will hold the Shares on trust for such individuals until 31 October 2025 (subject to the rules of the bonus arrangements).
The following notifications are made in accordance with the requirements of Article 19(3) of the UK Market Abuse Regulation. The Company's Legal Entity Identifier ("LEI") is 2138002RKCU2OM4Y7O48.
For enquiries please contact:
Jaime Tham
Company Secretary
07801 975672
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Davies
2
Reason for the notification
a)
Position / status
Chief Executive
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 466,254 |
d)
Aggregated information
- Aggregated volume
- Price
466,254 shares
Nil
e)
Date and time of the transaction
2022-10-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Davies
2
Reason for the notification
a)
Position / status
Chief Executive
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 309,808 |
d)
Aggregated information
- Aggregated volume
- Price
309,808 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Kesterton
2
Reason for the notification
a)
Position / status
Chief Financial Officer
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 325,692 |
d)
Aggregated information
- Aggregated volume
- Price
325,692 shares
Nil
e)
Date of the transaction
2022-10-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Simon Kesterton
2
Reason for the notification
a)
Position / status
Chief Financial Officer
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 138,761 |
d)
Aggregated information
- Aggregated volume
- Price
138,761 shares
Nil
e)
Date of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Alpna Amar
2
Reason for the notification
a)
Position / status
Corporate Development Director
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 30,402 |
d)
Aggregated information
- Aggregated volume
- Price
30,402 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Bradshaw
2
Reason for the notification
a)
Position / status
Group Managing Director - Utilities
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 37,604 |
d)
Aggregated information
- Aggregated volume
- Price
37,604 shares
Nil
e)
Date and time of the transaction
2022-10-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Bradshaw
2
Reason for the notification
a)
Position / status
Group Managing Director - Utilities
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 19,277 |
d)
Aggregated information
- Aggregated volume
- Price
19,277 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Liam Cummins
2
Reason for the notification
a)
Position / status
Group Managing Director - Construction
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 58,734 |
d)
Aggregated information
- Aggregated volume
- Price
58,734 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Giuseppe Incutti
2
Reason for the notification
a)
Position / status
Group Managing Director - Highways
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 45,151 |
d)
Aggregated information
- Aggregated volume
- Price
45,151 shares
Nil
e)
Date of the transaction
2022-10-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Giuseppe Incutti
2
Reason for the notification
a)
Position / status
Group Managing Director - Highways
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 34,718 |
d)
Aggregated information
- Aggregated volume
- Price
34,718 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Pengelly
2
Reason for the notification
a)
Position / status
Group Managing Director - Infrastructure
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 88,157 |
d)
Aggregated information
- Aggregated volume
- Price
88,157 shares
Nil
e)
Date of the transaction
2022-10-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mark Pengelly
2
Reason for the notification
a)
Position / status
Group Managing Director - Infrastructure
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 41,257 |
d)
Aggregated information
- Aggregated volume
- Price
41,257 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Helen Redfern
2
Reason for the notification
a)
Position / status
Chief People Officer
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 63,472 |
d)
Aggregated information
- Aggregated volume
- Price
63,472 shares
Nil
e)
Date of the transaction
2022-10-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Helen Redfern
2
Reason for the notification
a)
Position / status
Chief People Officer
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 43,180 |
d)
Aggregated information
- Aggregated volume
- Price
43,180 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Leigh Thomas
2
Reason for the notification
a)
Position / status
Group Managing Director - Property
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 78,695 |
d)
Aggregated information
- Aggregated volume
- Price
78,695 shares
Nil
e)
Date of the transaction
2022-10-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Leigh Thomas
2
Reason for the notification
a)
Position / status
Group Managing Director - Property
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 37,913 |
d)
Aggregated information
- Aggregated volume
- Price
37,913 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Sophie Timms
2
Reason for the notification
a)
Position / status
Corporate Affairs Director
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 11,979 |
d)
Aggregated information
- Aggregated volume
- Price
11,979 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stuart Togwell
2
Reason for the notification
a)
Position / status
Group Commercial Director
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Allocation of shares following the vesting of awards made under the Kier Group plc 2010 Long-Term Incentive Plan. The awards were granted on 28 October 2019 for nil consideration.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 92,565 |
d)
Aggregated information
- Aggregated volume
- Price
92,565 shares
Nil
e)
Date of the transaction
2022-10-28
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stuart Togwell
2
Reason for the notification
a)
Position / status
Group Commercial Director
b)
Initial notification / Amendment
Initial notification
3
Details of issuer
a)
Name
Kier Group plc
b)
LEI
2138002RKCU2OM4Y7O48
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary shares in Kier Group plc
GB0004915632
b)
Nature of the transaction
Award of deferred shares - allocation of beneficial interests in shares in connection with the Company's bonus arrangements for the financial year ended 30 June 2022.
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 50,891 |
d)
Aggregated information
- Aggregated volume
- Price
50,891 shares
Nil
e)
Date and time of the transaction
2022-10-31
f)
Place of the transaction
Outside a trading venue
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